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Loan Officers Salary in South Dakota
Last updated: 2025 BLS data · Page refreshed:
How much do Loan Officers make in South Dakota?
Last updated: 2025 data from the Bureau of Labor Statistics
$79,920
Median Annual Salary
▲
+1.7% vs 2024
$85,970
Mean Salary
$79,920
Median Salary
$38.42
Hourly Rate
1,820 people work as Loan Officers in South Dakota
Loan Officers salary by percentile in South Dakota
BLS-reported salary distribution — from entry-level (10th percentile) to top earners (90th percentile).
Loan Officers in South Dakota earn a median salary of $79,920 per year ($6,660/month).
This is 4.7% above the national average of $76,354.
South Dakota ranks #18 out of 51 states for Loan Officers pay.
Approximately 1,820 people work in this occupation across South Dakota.
Salaries increased by 1.7% compared to 2024.
About This Job: Loan Officers
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
Top Skills
Active Listening
4.0
Speaking
4.0
Reading Comprehension
3.88
Judgment and Decision Making
3.88
Critical Thinking
3.75
Key Knowledge Areas
Customer and Personal Service
4.7
Economics and Accounting
3.86
English Language
3.77
Mathematics
3.69
Sales and Marketing
3.47
Typical Education: Bachelor's Degree
(68.7% of workers)
Salaries for Loan Officers in South Dakota range from $58,480 at the 10th percentile (entry level) to $125,080 at the 90th percentile (experienced). The middle 50% earn between $65,570 and $99,750.
Median $79,920
P10: $58,480P25: $65,570P75: $99,750P90: $125,080
10th
$58,480
25th
$65,570
Median
$79,920
75th
$99,750
90th
$125,080
Percentile
Annual Salary
Hourly Rate
Monthly
10th Percentile (Entry Level)
$58,480
$28.12
$4,873
25th Percentile
$65,570
$31.52
$5,464
Median (50th)
$79,920
$38.42
$6,660
75th Percentile
$99,750
$47.96
$8,312
90th Percentile (Experienced)
$125,080
$60.13
$10,423
Note: The mean (average) salary of $85,970 differs from the median because salary distributions are typically skewed by high earners.
The median annual salary for Loan Officers in South Dakota is $79,920 as of 2025. The average (mean) salary is $85,970.
What is the salary range for a Loan Officers in South Dakota?
Salaries for Loan Officers in South Dakota range from $58,480 at the 10th percentile to $125,080 at the 90th percentile. The middle 50% earn between $65,570 and $99,750.
What is the starting salary for a Loan Officers in South Dakota?
Entry-level Loan Officers positions in South Dakota typically start around $58,480 (10th percentile). With some experience, salaries rise to $65,570 (25th percentile).
How many people work as Loan Officers in South Dakota?
According to 2025 BLS data, approximately 1,820 people are employed as Loan Officers in South Dakota.
What is the hourly rate for a Loan Officers in South Dakota?
Based on a standard 2,080-hour work year, the median hourly rate for a Loan Officers in South Dakota is approximately $38.42 per hour.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2025 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.
Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.
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